The Board of Directors of the Libra Group, a privately-owned international business group whose subsidiaries own and operate assets in nearly sixty countries, has announced the appointment of Manos Kouligkas as Chief Executive Officer (CEO), elevating Chairman and CEO George M. Logothetis to the role of Executive Chairman effective as of October 3, 2022.
Kouligkas, a ten-year veteran of the Libra Group will be based in the Group’s New York headquarters. He most recently served as the Chief Financial Officer (CFO) of Lomar Shipping, one of the Libra Group’s maritime subsidiaries based in London.
Kouligkas was an integral part of the development and expansion of Lomar over the past decade. Prior to joining Lomar, he was CFO at Odysea Carriers S.A. after serving in various financial roles at Coca-Cola Hellenic Bottling Company and Ernst & Young.
His appointment is one of several across the Group, which prioritizes growing and promoting diverse talent from within its ecosystem.
In addition to Kouligkas’ appointment, Nicholas M. Logothetis, currently an Executive Board member, will assume with immediate effect an expanded role as the Vice Chairman of the Board.
Libra Group “has grown into a global ecosystem”
“This is a pivotal moment for our Group, and the natural next step as we create a corporate structure that aims to support the highest levels of operational excellence,” said George M. Logothetis, adding that “Manos is a proven leader and we are extremely proud that he joins our executive team as CEO during this transformative time.”
“Over the last two decades we have grown from a single maritime subsidiary into a global ecosystem comprised of 20 operating subsidiaries and 10 nonprofit organizations that span across six continents,” he said. “We are focused on ensuring that our agility and scale are balanced with strong corporate governance, which is critical to building an enduring model that delivers growth while driving good.”
As CEO, Kouligkas will help drive the strategy set by the Board across all levels of the Group’s twenty business entities.
“The Libra Group is focused on growing responsibly and operating companies that are critical to global prosperity, mobility, and sustainability,” said Manos Kouligkas.
“I am deeply honored to be stepping into this role,” Kouligkas said. “I look forward to further advancing the Group’s global platform, implementing a governance infrastructure that positions us to leverage our scale with continued excellence.”
“The addition of Manos has long been in the works, and is one of many announcements that reflect the future-focus of our Group, and we are excited for the opportunities that lie ahead,” said Nicholas M. Logothetis.
The Libra Group is predominantly active in six sectors, including several vital to the global economy. These sectors include maritime, aviation, renewable energy, real estate, and hospitality, as well as selected diversified investments.
The group has also created ten social responsibility programs that have a positive impact on the lives of many people around the world.
The Libra Group is committed to supporting a more sustainable and equitable future, including harnessing human ingenuity to help mitigate climate change while promoting diversity and inclusion throughout our global footprint.